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. >>> superstorm sandy would provide an economic boost to the auto industry. 250,000 new and used cars may haveve been n ruined by sandy. a lossss that could eventually lead to a spike in auto sales. overall consumer borrowing expanded in september but at a slower pace than the previous month. a sign buyers may be pulling back on credit card purchases. this is an important point cause consumer and consumer spending make up two-thirds of the u.s. economy. >>> what will a second term for president obama mean to the economy? will we see compromise or fall over the fiscal cliff? joining me are two former top presidential advisers. laura tyson, chair of the economic advisers then for president clinton and marty feldstein who held the same title under president reagan. laura, marty great to have you on the program. thank you for spending the time today. >> thahank you. >> good to be with you. >> marty, both sides appear to be extending an olive branch when with it comes to the fiscal cliff. do you think we will reach a compromise? and if so how and when? >> i hope so. the consequence of not reaching th
and associates ranked us highest in member satisfaction among health plans in the virginia/maryland/d.c. region. we're focusing on the big things so you can enjoy the little things. kaiser permanente. thrive. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >> live and in hd, this is abc 7 news at 11:00 on your side. >> we have new and disturbing information coming to light in connection with the resignation of david petraeus. >> now the focus is on the alleged mistress and a harassment claim investigated by the fbi. richard, the woman at the center of thisthat is right. she is david petraeus's biographer. she is
've got a lot more invest game to do. >> and john is with us now. a question a lot of people are going to be asking, did anyone smell gals beforehand? >> reporter: no, and that's what's so puzzling. no reports of any smells of gas in the days leading up to the blast. now, to give you an idea just how powerful it was, this is only a flew block radius of the blast, but it could be felt three miles away. >> john, thank you. our abc team on the scene all day today. drew smith, among the first to get inside that neighborhood and he reported in just a short time ago here. >> reporter: david, there's just massive destruction here inside this richmond hills subdivision on the southeast side of indianapolis. you can see there are bulldozers out here. people are trying to get everything cleaned up. what used to be five homes less than 24 hours ago are nothing more than rubble. at least 80 homes affected by the blast that went off shortly after 11:00 eastern time last night. windows blown out. and you can see the cleanup here is going to take quite some time. authorities are working with federal
us. senator chambliss, when did you first find out about this investigation of general petraeus and what were you told? >> well, i was not told about it until friday. you know, the intelligence community became aware of it on tuesday. actually, late afternoon on tuesday. and then, by the time it sifted through the appropriate channels, through the white house, we were told on friday. >> so, you know, one of your colleagues congressman peter king, chair of homeland security in the house said that fbi director had an obligation to go to the white house and inform the relative authorities, earlier, do you agree with that? >> well, listen, david petraeus is a great leader, a great patriot. and he's a guy who has probably contributed more to the safety of the united states of america over the last decade than any one, single individual and he's a good leader. and what leaders do, when they're put in a difficult position is, they lead. and he led here by doing what he thought was the right thing. and i think he did do the right thing. i don't think there's any question. but it would h
. >> thanks for joining us for a look at business andinance in the washington region. it is a week when the voters have a fally spoke ads are over, campaign planes haveve landed. where did we end up? pretty much where we started. president obama in the ite house,emocrats corolling the senate republicans icontrorol of t the hse. . maryland voters overwhelmingly papassed to the dream act to a, approved gayay marriage, and m willll be building a new casino at national harbor. what does it mean for you and your wallet? we have a special half-hour withh our roundtable todayo take the post-election pl. joining us,s, >> lilive, anand in hd, this is abc 7 "n"news at noo" on your s side. " regular "washington business report" regular peter morici, economist atat the university ofof mararyland, marion blakey of the american -- induries is a trespass industries association -- aerospacee industries association. everybody thought there woululd be some clarity aft this s was all over. we will get to theiscal cliff later. let's see go with clarity. do you see any a after tuesday night? >> the fog of u
up. experts are now warning that the most common beans used for your morning cup of joe could dry up and become extinct. we'll tell you why and if anything can be done from happening. >>> also, at the top of the show this morning, we want to give a big shoutout to everyone on this veterans day. to all of america's fighting men and women overseas and those who have returned home. you're looking at a live shot of the tomb of the unknown soldier. once again, a big salute to all of our fighting men and women. >>> but we're going start here this half-hour with that mystery and fatal explosion in indianapolis. look, more than a dozen homes destroyed. abc's john schriffen is on the story. john, good morning. >> reporter: our affiliate is now reporting at least two people are dead, eight others injured. the blast rocked the neighborhood when many were asleep. forced to quickly grab their pets and flee in their pajamas. authorities have been using searchlights going door to door to see if the number of victims will grow. those at the scene said it looked like a war zone. a deafening explosion
and on their worst day of their life i was there with them. it's that kind of love. >> many vietnam vets tell us they come here every year as a chance to see each other and a chance to remember absent friends on this special day. live in northwest washington, richard lee. >> president obama paid tribute to the nation's veterans at arlington national cemetery this morning. the president laid a wreath at the tomb of the unknown soldiers. after the ceremony not only did the president pray the sacrifices of american service men and women and their families, he also talked about taking care of those vets who suffer from post-traumatic stress disorder. >> no veteran should have to wait months or years for the benefits that you've earned, so we will continue to attack the claims backlog. we won't let up. >> president obama also said no hug or handshake is enough to truly honor those who serve and that more must be done to express our gratitude every day. >> and earlier today people gathered at the world war ii memorial to pay tribute to those who served during ame
-- that is important to his presidenc. >> nina, break it down for us. >> i do not think he has a mandate. i think the republicans and democrats both have a mandate for cocompromise. whehen you heard from republicas mccnellike mitch who said his jobob was to see obama is never reelected.d. so, he has an edge year. -- he hasn edge here. he does have l leverage. but it will be a long haul. he does need partners. >> mitch mcconnell is on the knows as saying that he that the election makes some thele think tha rolllicans are going to over. "i am here to tell them there's notionto that whatsoever." that does not sound like compromise. compromiseinition of excepting over and higher tax rates. that is an interesng definition. democratic definition of compromise. i would never suggest biasas. the president ran -- i will say negative most campgn. hehe did not run on s record. he could not. he did not run on a program. there ione thing he got a mandate for, and he now has a mandate to raise the top tax the on twpercrcent of population by four. ? -- by four points? at is the smallest mandate in american hist
Search Results 0 to 7 of about 8